{"id":34968,"date":"2013-04-17T11:23:42","date_gmt":"2013-04-17T15:23:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34968"},"modified":"2013-04-17T11:23:42","modified_gmt":"2013-04-17T15:23:42","slug":"lehman-brokerage-to-pay-hedge-funds-banks-after-4-years","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2013\/lehman-brokerage-to-pay-hedge-funds-banks-after-4-years.html","title":{"rendered":"Lehman Brokerage to Pay Hedge Funds, Banks After 4 Years"},"content":{"rendered":"<p>Bloomberg &#8211; Defunct brokerage Lehman Brothers Inc. (LEHMQ) is set to pay more than $15 billion to hedge fund and bank customers after 4 1\/2 years in liquidation.<\/p>\n<p>Brokerage trustee James Giddens, who previously faced payment demands by New York hedge fund Elliott Management Corp., won a bankruptcy judge\u2019s approval today to put the money into a fund to pay customers, according to a court order. The trustee has said the approval would \u201cset the stage\u201d for payments that will give customers all their money back.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-04-16\/lehman-brokerage-to-pay-hedge-funds-banks-after-4-years\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Defunct brokerage Lehman Brothers Inc. (LEHMQ) is set to pay more than $15 billion to hedge fund and bank customers after 4 1\/2 years in liquidation. Brokerage trustee James Giddens, who previously faced payment demands by New York [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34968","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34968"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34968\/revisions"}],"predecessor-version":[{"id":34970,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34968\/revisions\/34970"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}